Americans nearing retirement and recent retirees said they were anxious and frustrated following a second day of market turmoil that hit their 401ks after President Donald Trumpfs escalation of tariffs. kraken10 at As the impending tariffs shook the global economy Friday people who were planning on their retirement accounts to carry them through their golden years said the economic chaos was hitting too close to home. kraken34 Some said they are pausing big-ticket purchases and reconsidering home renovations while others said they fear their quality of life will be adversely affected by all the turmoil. gIfm just kind of stunned and with so much money in the market we just sort of have to hope we have enough time to recoverh said Paula 68 a former occupational health professional in New Jersey who retired three years ago. Paula who spoke on the condition of anonymity because she feared retaliation for speaking out against Trump administration policies said she was worried about what lies ahead. https://kra26a.cc gWhat wefve been doing is trying to enjoy the time that we have but you want to be able to make it lasth Paula said Friday. gI have no confidence here.h Trump fulfilled his campaign promise this week to unleash sweeping tariffs including on the United Statesf largest trading partners in a move that has sparked fears of a global trade war. The decision sent the stock market spinning. On Friday afternoon the broad-based S&P 500 closed down 6 the tech-heavy Nasdaq dropped 5.8 and the Dow Jones Industrial Average fell more than 2200 points or about 5.5.
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